Nuances of VAT Returns Filing in Maharashtra

The system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1st April, 2005.

Registration 

Every dealer, who becomes liable to pay tax under the provisions of MVAT, shall apply electronically for registration to the prescribed authority, in Form 101, within 30 days from the date of such liability.

Every registered dealer shall be required to file correct, complete and self-consistent return, in prescribed form, by the due date.

Periodicity and due date:–

For the periods commencing from 1-4-2008

Sr. No.	Category	Periodicity
1.	A)Newly registered dealers (up to 30-4-2010) B) Retailers opted for composition Scheme C) Tax liability, in the previous year, up to Rs. 1 lakh  or Refund entitlement up to Rs. 10 lakhs.	Half Yearly
2.	A) Dealers under Package Scheme of Incentive B) Tax liability, in the previous year, exceeds  Rs. 1 lakh but up to Rs. 10 lakhs or refund  entitlement exceeds Rs. 10 lakhs but up to Rs.1 crore. C) Newly registered dealers (w.e.f.1-5-2010)	Quarterly
3.	All other dealers whose tax liability, in the  previous year, exceeds Rs. 10 lakhs or  refund entitlement exceeding Rs. 1 crore	Monthly

Due Dates for Filing Returns

1. Monthly and Quarterly Returns – 21 days from the end of month/quarter
2. Half Yearly Returns -- 30 days from the end of six monthly period